Singapore

Payments & Settlements

MAS Extends Deadline to Cease Corporate Cheque Processing

By Nithya Subramanian | 05/12/2024

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

Reporting & Disclosures

MAS Issues Guidance for ESG Funds on Good Disclosure Practices

By Nithya Subramanian | 05/12/2024

The information paper aims to promote clear disclosures to help retail investors understand the key features and risks of ESG funds.

Anti-Bribery & Corruption

Fugitive Singaporean Tycoon Nabbed After Absconding for 19 Years

By Nithya Subramanian | 04/12/2024

The tycoon and his wife were arrested in Malaysia after allegedly embezzling over $51mn and fleeing Singapore in 2005.

Sustainable Finance

Australia Pledges Investments under Singapore’s FAST-P Initiative

By Nithya Subramanian | 04/12/2024

The Australian government’s first investment will support clean energy and sustainable infrastructure projects across Southeast Asia.

AI Risk & Governance

DBS, EnterpriseSG, IMDA Launch Programme to Upskill SMEs on GenAI

By Nithya Subramanian | 03/12/2024

The programme offers SMEs a “structured, simplified approach” to discover use cases and practical applications of GenAI solutions for their business operations.

Market Abuse

MAS Fines JPMorgan Over Misconduct by Relationship Managers

By Nithya Subramanian | 03/12/2024

JPMorgan relationship managers misrepresented the price components in OTC bond transactions and overcharged clients.

Reporting & Disclosures

Singapore’s Top Companies Lead Global Sustainability Efforts: KPMG

By Nithya Subramanian | 03/12/2024

KPMG survey finds all of Singapore’s top 100 companies report on sustainability. However, challenges remain that warrant further attention.

Capital Adequacy

MAS Finalises New Leverage, Disclosure Requirements for REITs

By Nithya Subramanian | 29/11/2024

A minimum interest coverage ratio of 1.5 times and a 50 percent aggregate leverage cap apply to all REITs with immediate effect.

Capital Adequacy

MAS: Singapore Banks Show Resilience to Global Risks

By Nithya Subramanian | 28/11/2024

Singapore banks still met the minimum capital and liquidity requirements in the Adverse scenario of the industry-wide stress test.